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Stock impact report

Tetra Tech Reports Second Quarter 2020 Results

Tetra Tech, Inc. (TTEK) 
Last tetra tech, inc. earnings: 4/29 04:36 pm Check Earnings Report
US:NASDAQ Investor Relations: tetratech.com/en/investor-relations
Company Research Source: Business Wire
Revenue of $734 million and Net Revenue of $584 millionEPS $0.66; Adjusted EPS $0.73Increased quarterly dividend by 13% to $0.17 PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK) today announced results for the second quarter ended March 29, 2020 and provided further information regarding the Company’s response to the COVID-19 pandemic.Second Quarter ResultsRevenue in the second quarter totaled $734 million, up 2% year-over-year. Revenue, net of subcontractor costs (net revenue)1, in the second quarter was $584 million, similar to last year. On a constant currency basis, adjusted revenue1 totaled $740 million and adjusted net revenue1 totaled $590 million. EPS was $0.66 on a GAAP basis, down 34% year-over-year primarily due to a non-recurring tax benefit amounting to $0.39 of EPS in the prior year. Adjusted EPS1 was $0.73, up 4% year-over-year. Backlog at the end of the quarter increased 6% year-over-year to $2.99 billion; on a constant currency basis, backlog was Show less Read more
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